Lila Delman Compass today announced the historic sale of 339 Ocean Avenue Lot A in Newport for $11,000,000. According to data maintained by the Rhode Island Statewide MLS, this marks the highest land sale ever recorded in Newport County.* In September of 2021, Lila Delman Compass sold Lot B of the ‘Seaward’ Compound with two existing residences for […]
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Cities with the most expensive homes in Providence metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. Given the current state of the real estate market, housing affordability plays a determining role for buyers. As of June 17, 2022, the 30-year fixed […]
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RPL’s Libby Kirwin closes multi-million dollar sale of Newport’s Scales & Shells restaurant
Residential Properties Ltd. takes pleasure in announcing the sale of 527 Thames Street, 537 Thames Street, and 2 Goodwin Street in Newport. RPL Broker Associate Libby Kirwin proudly represented both sides in this multimillion-dollar transaction. For nearly four decades, the building has been home to a staple of Newport’s active restaurant scene, Scales & Shells, […]
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Cities with the fastest-growing home prices in Massachusetts
Stacker compiled a list of cities with the fastest growing home prices in Massachusetts using data from Zillow. Cities are ranked by the dollar change in Zillow Home Values Index for all homes from May 2021 to May 2022. The charts in this story were created automatically using Matplotlib. Data was available for 364 cities […]
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Cities with the fastest-growing home prices in Rhode Island
Stacker compiled a list of cities with the fastest growing home prices in Rhode Island using data from Zillow. Cities are ranked by the dollar change in Zillow Home Values Index for all homes from May 2021 to May 2022. The charts in this story were created automatically using Matplotlib. All 43 cities and towns […]
Posted inCity & Government
Affordable housing for seasonal workers hard to find
Amid expectation of a robust summer season, Newport and other communities are worried they won’t be able to attract employees into a market where finding affordable seasonal housing is at best difficult, and in some cases nearly impossible, and where wages lag behind neighboring states. “It certainly will impact us,” says Erin Donovan-Boyle, executive director […]
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Newly constructed home on Bryer Avenue in Jamestown sells for $4.15 million
Mott & Chace Sotheby’s International Realty today announced the newly constructed home at 11 Bryer Avenue has sold for $4,150,000. Kylie McCollough, Sales Associate of Mott & Chace Sotheby’s International Realty, represented the buyer. Bob Bailey of Lila Delman Compass represented the seller. According to data available from Rhode Island Statewide Multiple Listing Service, the […]
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US weekly real estate update
Applications for mortgages reached a 22-year low, as rates rose and the number of home sales fell, according to the Mortgage Bankers Association weekly survey. “The purchase market has suffered from persistently low housing inventory and the jump in mortgage rates over the past two months,” Joel Kan, an economist with the Mortgage Bankers Association, […]
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Cities with the most expensive homes in Vermont
Stacker compiled a list of cities with the most expensive homes in Vermont using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of April 2022. The charts in this story were created automatically using Matplotlib. The most expensive city on the list has a typical home value […]
Posted inNews
Cities with the most expensive homes in Massachusetts
Stacker compiled a list of cities with the most expensive homes in Massachusetts using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of April 2022. The charts in this story were created automatically using Matplotlib. The most expensive city on the list has a typical home value […]
Posted inReal Estate
Cities with the most expensive homes in Rhode Island
Stacker compiled a list of cities with the most expensive homes in Rhode Island using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of April 2022. The charts in this story were created automatically using Matplotlib. The most expensive city on the list has a typical home […]
Posted inReal Estate
Waterfront home on Indian Avenue in Middletown sells for $5.7 million
Lila Delman Compass today announced the sale of 611 Indian Avenue in Middletown for $5,700,000. According to data maintained by the Rhode Island Statewide MLS, this marks the highest sale in Middletown year-to-date.* Lila Delman Compass Associate Broker Eric Kirton represented the seller and facilitated for the buyer in this transaction. Eric Kirton commented, […]
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Providence Metro Area weekly real estate update
Soaring home prices in the U.S. appear out of sync with fundamentals, as was the case during the housing bubble that preceded the financial crisis of the late 2000s, warns the Federal Reserve Bank of Dallas in a new report released on March 29. Evidence indicates what the bank calls abnormal housing market behavior for […]
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Providence weekly real estate update
Africa Studio // Shutterstock Providence weekly real estate update Mortgage rates dipped for the second week in a row, but applications for mortgages stayed flat and for refinanced loans dropped. “Currently, higher rates, low inventory, and high prices are keeping prospective buyers out of the market,” Joel Kan, the associative vice president of economic and […]
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Burrillville home that inspired ‘The Conjuring’ sells for $1.525 million
Mott & Chace Sotheby’s International Realty on Thursday announced the sale of 1677 Round Top Road for $1,525,000. The c.1826 home that inspired the horror franchise “The Conjuring” is one of the most well-known haunted houses in the United States. The seller was represented by The Blackstone Team of Mott & Chace Sotheby’s International Realty. The RR&A Team at […]
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Oceanfront home in Quonochontaug sells for $9.5 million, marking the highest sale ever recorded in Charlestown
Lila Delman Compass today announced the sale of 648-A West Beach Road in Charlestown’s village of Quonochontaug for $9,500,000. Lila Delman Compass says in a press release that they represented both sides of this sale, with Lori Joyal, Managing Broker of Lila Delman Compass’ Watch Hill Office, representing the seller and George Tollefson and Julie […]
Posted inReal Estate
Cities with the fastest growing home prices in Providence metro area
It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and not other market has quite felt its impact like that of real estate. The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of […]
Posted inReal Estate
Providence Metro Area weekly real estate update
As inflation continues to surge and with the chatter of an impending economic downturn in the air, mortgage rates are growing at the quickest speed in 40 years with a 30-year fixed-rate mortgage last week reaching the highest point since 2009 at 5.53%. Consumers are being stretched thin due to inflation—from the gas pump to […]
Posted inReal Estate
Vacant land on Carnegie Harbor Drive in Portsmouth sells for $2 million
Residential Properties Ltd. is excited to announce the sale of 0 Lot 1 Carnegie Harbor Drive in Portsmouth for $2 million. RPL Broker Associate John Repoza proudly represented the buyer as the selling agent in this transaction. Eric Kirton of Lila Delman Compass represented the seller as the listing agent. According to State-Wide MLS data, this is the highest vacant land sale of the year for […]
Posted inReal Estate
Providence Metro area weekly real estate update
This past Wednesday, the Federal Reserve raised interest rates by half a percentage point, in effort to curtail the current rate of inflation, which as of March 2022 is up 8.5% year over year. This marks the first time in more than 20 years that the Fed has raised interest rates to such a degree, […]
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RPL’s Sarah Kirwin Brady lists Carrington House condo
Enjoy all the best of Newport in this charming Estate, known as the “Carrington House” Condo Association. This spacious, townhouse-style condo features high ceilings and an open floor plan which allows a wealth of natural light throughout the interior. A wood-burning fireplace anchors the living room and adds wonderful coziness to the space. A dining […]
Posted inBusiness
Cindy’s Country Cafe, CJ’s Pub, Chopmist Charlie’s, and other businesses currently for sale in Rhode Island
The latest listings on BizBuySell, LoopNet, and Kirby Properties show all kinds of businesses currently for sale in Rhode Island. Reasons for selling, when provided, typically do not mention economic hardship, but more often involve the owner retiring or not having time to actively run the business. The names and locations are generally left out, but there […]
Posted inReal Estate
Cities with the most expensive homes in Providence metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. Given the current state of the real estate market, housing affordability plays a determining role for buyers. As of May 4, 2022, the 30-year fixed […]
Posted inReal Estate
US weekly real estate update
Canva US weekly real estate update The spring homebuying season is known to be fairly robust, but with interest rates continuing their steady climb it’s anyone’s guess what this spring will ultimately result in. This past week, the average interest rate for a 30-year fixed-rate mortgage reached 5.37%, up from 5.20% last week and still […]
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Two homes on West Main Road in Little Compton change hands, sell for more than $4 million each
Lila Delman Compass is pleased to announce two significant sales in Little Compton. ‘Wildflowers’, 301 West Main Road, sold for $4,250,000 and 696 K West Main Road traded for $4,100,000. Deborah Ladd, Lila Delman Compass Associate Broker, represented the seller of 301 West Main Road while Ruth Bellino, Sales Assoicate based in Lila Delman Compass’ […]